Leading Economic Indicators
? Ronnie Music Jr., 45, won a scratch-off lottery prize last year of $3 million in Waycross, Georgia, and must surely have thought he was on a roll — because he soon flipped the money into a Georgia methamphetamine gang. The “bet” went sour, and he now faces decades in prison, as he pleaded guilty in July to drug trafficking and firearms violations after his associates were found with $1 million worth of meth and a load of guns. [Atlanta Journal- Constitution, 7-26-2016]
? Notorious French derivatives trader Jerome Kerviel was fired in 2010 after his employer (Societe Generale bank) discovered that he had made unauthorized trades worth about $55 billion and then, by forgery and fraud, covered them up. In June, however, Kerviel won a wrongful-discharge case when France’s Court of Cassation concluded the bank had “no real and serious” reason to fire him. Actually, the court ordered the bank to pay Kerviel about $500,000 in “performance” bonuses, based on the profit that his rogue trades eventually earned. Even though the bank had spent the equivalent of $5.5 billion unwinding Kerviel’s trades, they still made money (because, before the world economy collapsed in 2008, the der
Government in Action
? Phoenix’s KTAR-TV reported in July that the local sheriff (the notorious “tough on crime” Joe Arpaio) has already cost the government $10.4 million in attorneys’ fees for successful lawsuits filed against him by illegally profiled Hispanics. A judge found months ago (awarding $4.5 million) that Arpaio was deliberately violating the court’s orders, and lawyers have demanded another $5.9 million to bring Arpaio’s resistances up to date. (Unless the court rules otherwise, the $5.9 million will ultimately come from taxpayers.) [KTAR-TV, 7-26-2016]
? (Montpelier, Vermont, has one solution to America’s well-known problem of ignoring infrastructure maintenance (and the high cost of asphalt). While other cities and states merely delay needed road work (though with harsh consequences to drivers), Montpelier has begun to unpave some of its roads, converting them back to cheaper, annoying gravel and dirt (and inevitably, dust). A recent report by Montana State University researchers expressed surprise that so many governments are choosing this option. [Wired, 7-12-2016]
Latest Religious Messages
? No Wonder ISIS Is So Steamed: Last year, 3 million Muslims made the sacred pilgrimage to Mecca for the hajj and another 5 million for the slightly less sacred umrah, but awaiting them in the Saudi holy city would hardly have been the reverence many imagined: massive modern buildings; housing construction with worksites brightly lit around the clock; glittery, multistory shopping malls featuring familiar brands peddling opulence — capped by high-rise views of the city’s entire amusement-park-like setting from four- and five-star hotel rooms, where suites during hajj can go for $10,000 a night. (The malls, like the rest of Mecca, come to a standstill — or kneel-still — for prayers.) [New York Times, 6-12-2016]
? One of America’s major concerns, according to a U.S. congressman, should be the risk that if an apocalyptic event occurs and we are forced to abandon Earth with only a few species to provide for humanity’s survival, NASA might unwisely populate the space “ark” with same-sex couples instead of procreative male-female pairs. This warning was conveyed during the U.S. House session on May 26 by Texas Congressman Louie Gohmert (who seemed not to be aware that gay males might contribute sperm to lesbians for species-continuation). [New York Daily News, 5-27-2016]
? Almost half of all produce raised by U.S. farmers is thrown out before it reaches a consumer’s plate, and though there are several contributing explanations, the most striking is American eaters’ “cult of perfection.” “It’s about blemish-free produce,” said one farmer, e.g., “sunburnt cauliflower” or table grapes not quite “wedge-shaped” enough. America’s “unyielding cosmetic standards,” according to a July report in The Guardian of London, even means that much of the annual $160 billion worth of imperfect food is simply left to rot on the vine, or sent directly to a landfill, because farmers anticipate retailers’ reluctance to stock it. [The Guardian, 7-13-2016].
? In July, the U.S. Fish and Wildlife Service announced plans to keep black-footed ferrets in northeastern Montana from dying out — with drones that shoot peanut butter M&Ms (coated with a vaccine). Before the drones, there were too few ferrets to justify, economically, hand-delivering the candy. (2) A Japanese researcher (working out of the University of Illinois at Chicago) recently announced a health-improving computer app that would require men to ejaculate on their cellphones. (The researcher’s sophisticated microscope lens would be capable of transmitting a highly detailed photo, able to be examined in a lab, thus freeing shy men from having to visit a doctor’s office.) [Newsweek, 7-13-2016] [New Scientist, 7-15-2016]
? A Japanese researcher (working out of the University of Illinois at Chicago) recently announced a health-improving computer app that would require men to ejaculate on their cellphones. (The researcher’s sophisticated microscope lens would be capable of transmitting a highly detailed photo, able to be examined in a lab, thus freeing shy men from having to visit a doctor’s office.) [Newsweek, 7-13-2016] [New Scientist, 7-15-2016]
? Air Force Col. Eugene Caughey is scheduled forAnyone’s Fault but Mine: Lawyer Andrew Schmuhl, 32, ordered to trial in Fairfax County, Virginia, in May, declared that he was not responsible in 2014 when he invaded the home of a man who had recently fired Schmuhl’s wife. Using a Taser, he had held the man and his wife hostage for three hours and ultimately slashed the man’s throat and stabbed the woman repeatedly. However, Schmuhl claimed he should be found not guilty because he was “involuntarily” intoxicated at the time — cluelessly on pain medication that made him oblivious of his actions. (He was convicted.) [Washington Post, 5-13-2016, 6-16-2016]
The Passing Parade
? Christopher Wade, 55, was arrested in Nashville, Tennessee, in July after police tracked him to his home, where he was found already in bed with a female mannequin shortly after stealing it from the Hollywood Hustler store. The mannequin was wearing a brown wig, a pink spandex dress and rhinestone stilettos.
? As part of the Taste of Buffalo (New York) food festival in July, competitors from the Major League Eating organization were offered a shot at the Kale Cup, with a $2,000 prize for the most kale eaten in eight minutes. The very healthy Gideon “The Truth” Oji won, downing 25.5 bowls. [The Tennessean, 7-6-2016] [WIVB-TV (Buffalo), 7-9-2016]